THE TRUSTEES OF RESERVATIONS

EIN: 042105780 501(c)(3) Environment

BOSTON, MA

Total Revenue
$57,850,047
Total Expenses
$49,426,983
Total Assets
$398,201,633
Net Assets
$386,440,517
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Financial Trends

Organization Details

Formation Year
1891
Legal Domicile
MA
Principal Officer
KATHLEEN THEOHARIDES
Phone
6175427696
Tax Period
2024-04-01 to 2025-03-31

THE TRUSTEES OF RESERVATIONS, founded in 1891, is a mid-sized nonprofit in the Environment sector that reported $57.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $49.4M left a modest 15% surplus.

Mission

OVERVIEW - FOUNDED IN BOSTON BY PIONEERING LANDSCAPE ARCHITECT AND OPEN SPACE VISIONARY CHARLES ELIOT IN 1891, THE TRUSTEES IS THE NATION'S FIRST AND THE COMMONWEALTH'S LARGEST CONSERVATION AND PRESERVATION NONPROFIT.

Program Service Accomplishments

Program 1
Expenses: $27,549,685 Revenue: $6,844,155

STEWARDSHIP - AS THE FOREVER STEWARDS OF THE SPECIAL PLACES THE TRUSTEES ARE RESPONSIBLE FOR ENSURING THESE NATURAL LANDSCAPES, UNIQUE BUILDINGS, AND CHERISHED PROPERTIES ARE HERE FOR GENERATIONS TO...

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STEWARDSHIP - AS THE FOREVER STEWARDS OF THE SPECIAL PLACES THE TRUSTEES ARE RESPONSIBLE FOR ENSURING THESE NATURAL LANDSCAPES, UNIQUE BUILDINGS, AND CHERISHED PROPERTIES ARE HERE FOR GENERATIONS TO COME AND TO CREATE A WORLD-CLASS, HIGHLY ACCESSIBLE VISITOR EXPERIENCE. TRUSTEES PROPERTIES INCLUDE OVER 120 PROPERTIES, 375 MILES OF TRAILS, 76 MILES OF ACCESSIBLE SHORELINE, 113 PARKS AND WOODLANDS, 12 PUBLIC GARDENS, AND 250 BUILDINGS. THE CARE OF THESE PROPERTIES IS HANDLED BY EMPLOYEES SKILLED IN LANDSCAPE MANAGEMENT, HORTICULTURE, ARBORICULTURE, AND HISTORIC RESOURCES. HISTORICAL RESOURCE STAFF MEMBERS ARE RESPONSIBLE FOR THE STEWARDSHIP AND PRESENTATION OF THE TRUSTEE'S HISTORIC PROPERTIES INCLUDING 6 NATIONAL LANDMARKS, HISTORIC HOUSE MUSEUMS, ARCHIVAL OBJECT COLLECTIONS, GARDENS, AND DESIGNED LANDSCAPES.

Program 2
Expenses: $10,310,217 Revenue: $2,561,347

WELCOMING AND CONNECTION - EACH YEAR, THE TRUSTEES WELCOMES OVER 1.8 MILLION VISITORS TO EXPLORE OUR TREASURED LANDSCAPES AND EXPERIENCE THOUSANDS OF PROGRAMS AND EVENTS. OUR 80,000 TRUSTEES MEMBER...

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WELCOMING AND CONNECTION - EACH YEAR, THE TRUSTEES WELCOMES OVER 1.8 MILLION VISITORS TO EXPLORE OUR TREASURED LANDSCAPES AND EXPERIENCE THOUSANDS OF PROGRAMS AND EVENTS. OUR 80,000 TRUSTEES MEMBER HOUSEHOLDS ALSO EXPERIENCE THESE SPECIAL PLACES WHILE ENJOYING EXCLUSIVE BENEFITS. SINCE 1891, SUPPORT FROM MEMBERS HAS MADE IT POSSIBLE TO CARE FOR OUR SPECIAL PLACES, ENSURING THEY REMAIN VIBRANT AND ACCESSIBLE FOR EVERYONE, FOREVER. THE TRUSTEES CONNECTS VISITORS OF ALL AGES THROUGH THOUSANDS OF PROGRAMS AND EDUCATIONAL PROGRAMMING INCLUDING OUTDOOR, COMMUNITY, AND CULTURE THROUGH DYNAMIC AND ENGAGING EXPERIENCES. THIS INCLUDES SUMMER AND YOUTH CAMPS, WALKS, TALKS, COOKING CLASSES, CONCERTS, FARM SHARE PROGRAMS, AND SPECIAL EVENTS. THE TRUSTEES INSPIRE MASSACHUSETTS RESIDENTS AND VISITORS TO LEAD HEALTHY, ACTIVE LIFESTYLES WHILE FORMING A DEEPER CONNECTION TO NATURE.

Program 3
Expenses: $855,778 Revenue: $212,559

CONSERVATION - TOGETHER WITH OUR PARTNERS, THE TRUSTEES CARES FOR NEARLY 52,000 ACRES OF LAND ACROSS THE COMMONWEALTH, INCLUDING MORE THAN 27,000 ACRES OF PUBLICLY ACCESSIBLE, TREASURED LANDSCAPES...

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CONSERVATION - TOGETHER WITH OUR PARTNERS, THE TRUSTEES CARES FOR NEARLY 52,000 ACRES OF LAND ACROSS THE COMMONWEALTH, INCLUDING MORE THAN 27,000 ACRES OF PUBLICLY ACCESSIBLE, TREASURED LANDSCAPES. MOST MASSACHUSETTS RESIDENTS LIVE JUST A FEW MILES FROM A TRUSTEES PROPERTY, WHERE COUNTLESS MEMORIES ARE MADE AND SHARED. THE TRUSTEES ALSO PROTECT 20,700 ACRES OF LAND THROUGH CONSERVATION RESTRICTIONS, MAKING THE TRUSTEES THE LARGEST PRIVATE OWNER OF CONSERVATION RESTRICTIONS IN MASSACHUSETTS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,241,369
Program Service Revenue $9,218,751
Investment Income $12,719,523
Other Revenue $2,670,404
TOTAL REVENUE $57,850,047

Expense Breakdown

Grants Paid $557,994
Salaries & Benefits $27,816,109
Fundraising Expenses $5,072,858
Program Expenses $38,715,680
Other Expenses $20,848,223
TOTAL EXPENSES $49,426,983

Year-over-Year Comparison

2024 2023 Change
Revenue $57,850,047 $64,920,859 -0.1%
Expenses $49,426,983 $61,448,034 -0.2%
Net Income $8,423,064 $3,472,825 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
976
Volunteers
756

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$789,479
Total Directors
25
$0
Key Employees
4
$1,073,184
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER COFFIN CHAIR (UNTIL 11/1/24)/DIRECTOR 5.00
Officer Director
$0 $0 $0
THOMAS D FRENCH CHAIR 2.00
Officer Director
$0 $0 $0
CYRUS TARAPOREVALA VICE CHAIR 2.00
Officer Director
$0 $0 $0
PHYLLIS R YALE VICE CHAIR 2.00
Director
$0 $0 $0
EUNICE JOHNSON PANETTA VICE CHAIR (UNTIL 11/01/24) 2.00
Officer Director
$0 $0 $0
DAVID CROLL SECRETARY 2.00
Officer Director
$0 $0 $0
BRIAN KINNEY ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
EDWARD H LADD ASSISTANT SECRETARY (UNTIL 11/01/24) 2.00
Officer Director
$0 $0 $0
WILLIAM G CONSTABLE ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
ROLAND E HOCH DIRECTOR 2.00
Director
$0 $0 $0
PHILIP J EDMUNDSON DIRECTOR 2.00
Director
$0 $0 $0
ANDREW P BORGGAARD DIRECTOR 2.00
Director
$0 $0 $0
JULIA G KRAPF DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH DE MONTRICHARD DIRECTOR 2.00
Director
$0 $0 $0
LAURA DEBONIS DIRECTOR (UNTIL 11/01/24) 2.00
Director
$0 $0 $0
EDWARD G GARMEY DIRECTOR 2.00
Director
$0 $0 $0
UZOCHI C ERLINGSSON DIRECTOR 2.00
Director
$0 $0 $0
MARTIN LEMPRES DIRECTOR 2.00
Director
$0 $0 $0
PRISCILLA J BENDER DIRECTOR 2.00
Director
$0 $0 $0
JOHN D LAUPHEIMER DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH L JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
SUKANAYA L SODERLAND DIRECTOR 2.00
Director
$0 $0 $0
ROBERT H MASON DIRECTOR 2.00
Director
$0 $0 $0
BRAD IRWIN DIRECTOR 2.00
Director
$0 $0 $0
TIMOTHY G HEALY DIRECTOR 2.00
Director
$0 $0 $0
KATIE THEOHARIDES PRESIDENT AND CEO 30.00
Officer
$460,610 $16,070 $476,680
BRIAN THERRIEN CHIEF FINANCIAL OFFICER, TREASURER 28.00
Officer
$297,442 $15,357 $312,799
CHRISTINE MORIN CHIEF OPERATING OFFICER 40.00
Key Emp
$310,344 $20,918 $331,262
JANELLE WOODS CHIEF MARKETING & DIVERSITY OFFICER 40.00
Key Emp
$236,042 $40,832 $276,874
NATHAN HUTTO INTERIM CHIEF OPERATING & PEOPLE OFFICER 40.00
Key Emp
$213,490 $19,592 $233,082
JENNA GOMES INT. HEAD OF DEV/SR DIR. IND. GIVING 40.00
Key Emp
$196,483 $35,483 $231,966
DENISE TRAPANI-HALL MANAGING DIRECTOR, INDIVIDUAL GIVING 40.00
Highest
$202,733 $29,930 $232,663
ELIZABETH MCDONOUGH VICE PRESIDENT, BUSINESS OPERATIONS & ENGAGEMENT 40.00
Highest
$196,076 $18,166 $214,242
PATRICK WILLIAM COLLINS SENIOR DIRECTOR OF DIGITAL SOLUTIONS AND INFORMATI 40.00
Highest
$184,344 $27,122 $211,466
LUCINDA BROCKWAY CULTURAL RESOURCES PROGRAM DIRECTOR 40.00
Highest
$174,876 $17,589 $192,465
JANETTA STRINGFELLOW CHIEF DEVELOPMENT OFFICER 40.00
Highest
$122,199 $8,936 $131,135
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $57,850,047 $49,426,983 $398,201,633 $8,423,064
2024 $64,920,859 $61,448,034 $386,708,488 $3,472,825
2023 $50,485,860 $55,281,050 $356,550,348 $-4,795,190
2022 $79,907,362 $51,431,704 $373,027,910 $28,475,658
2021 $88,431,001 $50,283,901 $336,930,821 $38,147,100
2020 $44,778,213 $43,512,319 $264,912,067 $1,265,894
2019 $42,674,880 $37,347,151 $280,191,347 $5,327,729
2018 $36,538,148 $36,059,001 $279,115,715 $479,147
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